Ewj: elliott wave
- Thread starter mu200411
- Start date
Status: Hold long positions.
Strategy.
There are Head and Shoulders patterns on all three indices. The sHs confirmation will be a perfect buy
. But futures are ugly :eek: . If Wednesday low cannot hold, look out for a -200, -20, -40 points drop before get in. Oh! should cut loss below Wednesday low first. This may be a double zigzag correction.
If Wednesday low holds and there is a higher high from there, hold the long positions.
Strategy.
There are Head and Shoulders patterns on all three indices. The sHs confirmation will be a perfect buy
. But futures are ugly :eek: . If Wednesday low cannot hold, look out for a -200, -20, -40 points drop before get in. Oh! should cut loss below Wednesday low first. This may be a double zigzag correction.If Wednesday low holds and there is a higher high from there, hold the long positions.
.....yesterday hi at 12:00 ...
... therefore left open possibility of low made first today.....
.... which would be the 10 o clock low.....
45.5 ..... 49.75 ..... it's playing in the middle
.... 54 .... or 43.25 projections .....
... abcd
.... with these projections... seems like it won't go too far today from here
.... a new low below 43.5 .... could form a bullish M pattern.. already have 78% and 61 %
...127% at 1341
... butter fly M can be 127% or 161%
... therefore left open possibility of low made first today.....
.... which would be the 10 o clock low.....
45.5 ..... 49.75 ..... it's playing in the middle
.... 54 .... or 43.25 projections .....
... abcd
.... with these projections... seems like it won't go too far today from here
.... a new low below 43.5 .... could form a bullish M pattern.. already have 78% and 61 %
...127% at 1341
... butter fly M can be 127% or 161%